What can go wrong?Barcharts has VLE in top 1% for current technicals, this board is full of pumpers, me included. Someone posted they had 20% of their net worth in VLE. Surely something can go wrong.
The Chinese Markets were halted (2nd time this week) for the rest of their trading day after they revaluing their yuan, and Western futures are looking like another bad day. So, wouldn't a big sell off also affect VLE?....particularly after such a dramatic rise from .375 in just about 20 trading days?
Besides a selloff, what else can go wrong other than obviously this 2nd well somehow did not pan out as planned? Is anyone concerned about country risk? Also, I see both VLE and TNP have been hurt by the Turkish currency vs US$.can it get worse and will it be affected by the Chinese currency? Or any other risks that could catch all longs off guard?
Like many of you, I am also overweighted in VLE and was considering adding more. Now thinking of also adding some long term gold ( FNV NEM ) call options as gold has been going up with this turmoil in the markets as well as the chaos in the world like N. Korea today claiming to have a (F bomb) H bomb?!?!.
Just thought it might be good to hear from some skeptics. Thanks.